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Diageo PLC (DEO)

DEO on New York Consolidated

19 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Diageo to acquire Casamigos
Wednesday, 21 Jun 2017 12:01pm EDT 

June 21 (Reuters) - Diageo Plc ::Diageo to acquire super-premium tequila Casamigos.Transaction values Casamigos at up to $1 billion.Says Diageo expects transaction will be EPS neutral for first three years and accretive thereafter.Says expect acquisition will be economic profit positive in fourth full fiscal year post-completion.Transaction is expected to close in second half of calendar 2017.  Full Article

Sonocom announces change of chairman and president
Friday, 12 May 2017 02:49am EDT 

May 12(Reuters) - Sonocom Co Ltd <7902.T>:Says it appoints current president Koichi Sono as chairman of the board of the company .Says it appoints Kiyohiro Takagi as new president.Says change effective June 29.  Full Article

Diageo says HMRC to issue notices requiring additional tax
Wednesday, 10 May 2017 10:26am EDT 

May 10 (Reuters) - Diageo Plc ::Diageo - HM Revenue & Customs intends to issue preliminary notices of assessment under new diverted profits tax regime, which came into effect in April 2015.Diageo - Notices will require Diageo to pay additional tax and interest of approximately £107 million in aggregate for fy ended 30 june 2015 and 30 june 2016.Diageo does not believe that it falls within scope of new diverted profits tax regime.Will challenge assessments when they are received.Based on its current assessment, Diageo considers no provision is required in relation to diverted profits tax.Issue does not change Diageo's expectation that tax rate before exceptional items for year ending 30 june 2017 will be approximately 21%..  Full Article

Diageo says now entering consultation period w/ employees and their representatives to discuss proposals in more detail
Thursday, 20 Apr 2017 11:57am EDT 

Diageo Plc :Diageo says has reviewed spirits bottling footprint, and that some jobs in european bottling plants may be impacted toward end of year.Diageo says now entering consultation period w/ employees and their representatives to discuss proposals in more detail.  Full Article

GMB Scotland Union says Diageo to cut 105 jobs in Scotland due to brexit concerns
Thursday, 20 Apr 2017 11:34am EDT 

April 20 (Reuters) - :GMB Scotland Union says Diageo to cut 105 jobs in Scotland due to brexit concerns.  Full Article

Diageo says expectations unchanged after H1 profit gain
Thursday, 26 Jan 2017 02:09am EST 

Diageo Plc : Half year underlying EPS rose 21 percent to 62 pence . Interim dividend up 5 percent to 23.7 pence per share . Reported net sales (£6,421 million) and operating profit (£2,065 million) were up 14.5% and 28.0% . Organic growth, across all regions, with 1.8% volume growth and 4.4% net sales growth . Organic operating profit grew 4.4%, in line with top line growth . Free cash flow continued to be strong at £1,084 million . Basic EPS of 60.3 pence. Pre-Exceptional EPS was 62.0 pence, up 21% . Our expectations of delivering stronger financial performance this year are unchanged .Confident of achieving our medium term objective of consistent mid-single digit top line growth and 100bps of organic operating margin improvement in three years ending 30 June 2019.  Full Article

United Spirits says not aware if Diageo plans on raising stake in co via open offer
Wednesday, 18 Jan 2017 04:26am EST 

Diageo Plc : Clarifies on news item, "diageo mulls raising stake in united spirits via open offer" .Says co not aware of such development.  Full Article

Diageo says to hike financial support to Thalidomide Trust
Wednesday, 7 Dec 2016 07:30am EST 

Diageo Plc : Under agreement Diageo has increased its financial support to beneficiaries of Thalidomide trust through a one-off payment of 27 mln stg . Net of tax charge to discontinued operations in half-yearly income statement will be approximately 60 mln stg . Reached agreement with trustees of Thalidomide trust, Trust's national advisory council, co's financial support will increase by 45 mln stg .Cash payments made to UK Thalidomide trust in second half of F17 are expected to be approximately 40 mln stg.  Full Article

Guinness Nigeria says Diageo Plc will not proceed with offer
Wednesday, 5 Oct 2016 12:50am EDT 

Guinness Nigeria Plc : Says the Co has taken decision not to proceed with Diageo Plc's offer . Says Diago Plc's intended to make offer through Guinness Overseas Ltd for up to 15.7% of share capital of the Co Source : http://bit.ly/2dQ8jyJ Further company coverage: [GUINNES.LG] (Bangalore.newsroom@thomsonreuters.com).  Full Article

Diageo CFO says too early to comment on business impact of Brexit
Thursday, 28 Jul 2016 02:41am EDT 

: Diageo CFO says it's important for company that UK continues to benefit from open access to EU . Diageo CFO says too early to say if Brexit has impacted business or consumer demand for alcoholic drinks .Diageo CFO says no news regarding relationship w/ former chairman of United Spirits, Vijay Mallya.  Full Article


Diageo to buy George Clooney's Casamigos tequila for up to $1 billion

LONDON Diageo Plc has agreed to buy George Clooney's high-end tequila brand Casamigos for up to $1 billion, as the world's largest spirits maker seeks to lift its presence in a high-growth market. | Video